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2.7 Driving Growth through Agricultural Innovation

NABARD actively supports agricultural innovation, technology transfer, and capacity building through its Farm Sector Promotion Fund (FSPF). Through this NABARD focusses on innovation, productivity improvement, value chain enhancement, piloting technologies developed by research institutes, integrated farming systems, high-tech agriculture, and IoT initiatives. Cumulatively, 950 projects have been completed under FSPF, while during FY 2023-24, 139 projects were sanctioned with grant assistance of ₹ 0.24 billion. Cumulatively, 2,38,039 beneficiaries have been benefited under FSPF, while 31,077 beneficiaries benefited during the fiscal year.

The Capacity Building for Adoption of Technology (CAT) programme by NABARD aims to promote the adoption of innovative agricultural technologies and best practices among farmers. This programme offers grant support to enhance farmers’ capacity through exposure visits and trainings, enabling them to adopt new technologies and practices in agriculture and allied sectors effectively.

Since the launch of the FSPF, 2,774 exposure visits have been facilitated, benefiting 82,060 farmers. In the fiscal year 2023-24, 182 exposure visits were undertaken for the benefit of 4,735 farmers with grant assistance of ₹280 million.